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What (who) is production cost - definition

CARRYING VALUE OF GOODS SOLD DURING A PARTICULAR PERIOD

Cost of sales; Cost of products sold; Cost of Goods Sold; Production cost; Production costs; CoGS; Cost-of-goods sold; Cost-of-merchandize sold; Cost of Sales

Cost-of-production theory of value

ECONOMIC THEORY THAT DETERMINES VALUE BASED ON PRODUCTION COSTS

Cost of production theory of value

In economics, the cost-of-production theory of value is the theory that the price of an object or condition is determined by the sum of the cost of the resources that went into making it. The cost can comprise any of the factors of production (including labor, capital, or land.

https://en.wikipedia.org/wiki/Cost-of-production_theory_of_value

Cost, Texas

HUMAN SETTLEMENT IN TEXAS, UNITED STATES OF AMERICA

Cost, TX

Cost is an unincorporated community in Gonzales County, Texas, United States. According to the Handbook of Texas, the community had an estimated population 62 in 2000.

https://en.wikipedia.org/wiki/Cost,_Texas

Cost reduction

PROCESS USED BY COMPANIES TO REDUCE THEIR COSTS AND INCREASE THEIR PROFITS

Cost-cutting; Cost cutting; Cost saving; Cost-saving

Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or products, the strategies can vary.

https://en.wikipedia.org/wiki/Cost_reduction

Wikipedia

Cost of goods sold

Cost of goods sold (COGS) is the carrying value of goods sold during a particular period.

Costs are associated with particular goods using one of the several formulas, including specific identification, first-in first-out (FIFO), or average cost. Costs include all costs of purchase, costs of conversion and other costs that are incurred in bringing the inventories to their present location and condition. Costs of goods made by the businesses include material, labor, and allocated overhead. The costs of those goods which are not yet sold are deferred as costs of inventory until the inventory is sold or written down in value.

https://en.wikipedia.org/wiki/Cost of goods sold

Examples of use of production cost

1. But it was unsuccessful due to its high production cost and awkward denomination.

2. Instead, Brussels could impose penalties only if the export price was below China‘s production cost.

3. The application of the ferment simplifies the skin–tanning process and considerably lowers the production cost.

4. "They used the best quality material without thinking of the production cost," Park said.

5. Its production cost is one third of formalin and iron sulphate.